HomeScience Discipline Business and Economics

Business and Economics

Explorer Historical Highlights

Petroleum exploration on the United States’ Outer Continental Shelf has a colorful history, punctuated by the interplay between private enterprise and government oversight. Except for a thin strip near the coast controlled by the adjacent coastal state, the entire area is under federal government jurisdiction. As of 2020, the OCS provides about 15 percent of U.S. domestic oil production and 2 percent of natural gas. The following is a brief history of that government oversight and how the author’s involvement may have saved the industry’s activity in the OCS from being nationalized.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

“Transmission, generally, is a bipartisan issue.” That hopeful note on the national energy grid, specifically the need to fortify, improve and expand it so Americans can efficiently get the energy they need – and in the midst of all the rancor about what the president’s infrastructure bill will or will not ultimately encompass – comes from Sen. Martin Heinrich, D-N.M. The reason there seems to be bipartisan support on the grid is in part, he said, because regardless of party affiliation, Americans have come to rely on being able to access the energy we need. Making sure that is always the case, made more complicated by all the new energy sources that will soon travel the grid, was the topic of a recent GE-sponsored Axios event on the transmission of energy, it’s resilience, sustainability – and reinvention.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

Just as Alaska was bracing itself for the economic fallout of the Biden administration’s adversarial stance on oil and gas, two recent court decisions are giving the state hope. On June 15, a federal judge lifted the administration’s temporary ban on federal lease sales, clearing the way for a highly anticipated lease sale in the prolific National Petroleum Reserve – Alaska. And, on May 26, a brief filed by the U.S. Department of Justice affirmed that the Willow Project, a major discovery in NPRA that has been tied up in environmental-related lawsuits, complies with environmental regulations. While it remains unclear how soon the NPRA lease sale can take place, it is expected that the Willow project, one of the North Slope’s largest projects in recent years, will move forward.

Show more
American Association of Petroleum Geologists (AAPG)
Learn! Blog

Welcome to an interview with Herman Darman, whose career in petroleum geology is now transitioning to geothermal energy, particularly in Indonesia, where there are volcanoes as well as repurposeable oil and gas wells.

American Association of Petroleum Geologists (AAPG)
Explorer Division Column DEG

The petroleum industry has changed and is under attack. Many want to stop production of carbon-based fuels. There is a logic to this if we look to the future. We need to sustain energy production and fill the holes in the current alternative energy industries like solar, wind turbines, geothermal and advanced batteries. This does not mean oil industry jobs will be eliminated. They will just change.

American Association of Petroleum Geologists (AAPG)
Explorer Article

When introducing his American Jobs Plan, President Biden promised it would invest “in America in a way we have not invested since we built the interstate highways and won the Space Race.” To put that investment in perspective, the interstate highway system, encompassing 47,000 miles of roads, cost $500 billion in today’s dollars, adjusting for inflation; the Apollo Program, about $194 billion. The price of the American Jobs Plan: $2.3 trillion. Included is significant investment proposed for the energy sector, which includes expanding clean energy sector tax credits, offering block grants and increasing government purchasing power to aid the new renewable sector.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

It's been an amazing year… so many new opportunities while sprinting along the razor’s edge of existence! Early on, we did a lot of self-examination and strategic planning for a new AAPG. Part of the early short-term strategy was to cut and cut to bring the budget down to essential services and those programs that are sponsored by corporate or AAPG Foundation donations. At the same time, we began working on longer-term strategies. You have heard it said that “We are at our best when we prepare ourselves for the worst.” I would change that to say, “We are at our best when we prepare ourselves to avoid the worst!”

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

Unconventional resource development has a remarkable history, combining breakthroughs and advances in both technology and geoscience. The pace of progress might have slowed in recent years, but that history is still being written.

American Association of Petroleum Geologists (AAPG)
Explorer Article

A ransomware cyberattack on the Colonial Pipeline in May brought a short-term disruption of gasoline supplies to the East Coast of the United States. Experts warned the assault has longer-term implications for the oil and gas industry, and for the nation’s critical infrastructure. Following the attack, government agencies quickly vowed to strengthen the nation’s cybersecurity efforts. But the great majority of U.S. energy supply – more than three-quarters, by many estimates – is in the hands of private industry. The Colonial incident “reflects a historically lax cybersecurity culture in the oil and gas industry.”

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

Throughout the past decade, Brazil’s pre-salt basins and giant deepwater oil discoveries have brought significant attention to the country and to the offshore South Atlantic. Though operating in the Brazilian pre-salt play promises billions of barrels of oil, it also requires billions of dollars in investment and technology, something just a handful of companies can bring to the table. While Petrobras and international companies focus their attention on the Brazilian offshore, a handful of Brazilian companies and foreign investors have focused inland, where they are quietly starting Brazil’s onshore revolution.

Show more
American Association of Petroleum Geologists (AAPG)
Workshop
Paramaribo, Suriname
Wednesday, 17 January Thursday, 18 January 2024, 8:00 a.m.–5:00 p.m.

Plan now to attend an interactive in-person workshop with industry leaders, government representatives and technical experts working in the Guyana-Suriname Basin.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 4 June 2020, 3:00 p.m.–4:00 p.m.

Salt welds form due to salt thinning by mechanical (e.g., salt-flow) and/or chemical (e.g., salt-dissolution) processes. This webinar explores how we use 3-D seismic reflection, borehole, and biostratigraphic data to constrain the thickness and composition of salt welds, and to test the predictions of analytical models for salt welding.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 27 August 2020, 3:00 p.m.–4:00 p.m.

There are over 300 known active onshore mud volcanoes globally, and many more offshore. Mud volcanoes are subsurface fluid escape features in which high pore pressures drive fluids, gases, and subsurface sediments to the surface. This talk will summarize mud volcanoes around the world and examine mud volcano plumbing systems and their link to petroleum systems.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 2 June 2020, 6:00 p.m.–7:00 p.m.

Visiting Geoscientist Xavier Moonan provides an overview of the destruction in the Los Iros area following the 6.9 magnitude earthquake that hit Trinidad and Tobago in 2018. His talk focuses on understanding the results from various post-earthquake studies conducted on the Los Iros, reviewing the theories developed to explain the origin and integrating datasets to provide an understanding of what transpired.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 9 June 2020, 4:00 p.m.–5:00 p.m.

Visiting Geoscientist Susan Morrice shares her personal experience and insight in this talk about opportunities for geoscientists. “Geoscientists have advantages ... They are Time Travellers and have open minds. Bringing this creativity and innovation to your company or starting your own! Challenging times bring silver linings!”

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 30 June 2020, 3:00 p.m.–4:00 p.m.

El geocientífico visitante Juan Pablo Lovecchio revisa aspectos generales de la ruptura, grietas y formación pasiva de márgenes y evolución a través del tiempo, así como elementos del desarrollo del sistema petrolero.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 21 May 2020, 9:00 p.m.–10:00 p.m.

Henry W. Posamentier discusses the application of 3-D seismic stratigraphic analyses to the mitigation of risk associated with lithology prediction prior to drilling – workflows and techniques. Principles and workflows of seismic stratigraphy and seismic geomorphology will be discussed and numerous examples will be shown from a variety of different depositional settings.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 12 July 2012, 12:00 a.m.–12:00 a.m.

This presentation will look at well placement vertically in the pay, well azimuth and well trajectory with explanations of how geology and post-depositional effects can make the difference between a successful well and a failure.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 3 December 2020, 11:00 a.m.–12:00 p.m.

Patawarta Diapir, approximately 2-6km2 located in the Central Flinders Ranges, South Australia, has been interpreted as a single allochthonous salt sheet containing Tonian-aged igneous and layered evaporite sedimentary intrasalt inclusions derived from the Callanna Group. In this webinar, Rachelle Kernen describes the diapir as five primarily silty limestone inclusions (0.5-2km2), re-interpreted as Ediacaran-aged Wonoka Formation and Patsy Hill member of the Bonney Sandstone (Wilpena Group). Webinar presented Thursday 3 December 2020 at 11:00 SGT (GMT+8) Singapore time

Show more
American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 December 2010, 12:00 a.m.–12:00 a.m.

The Mississippian-Devonian Bakken Petroleum System of the Williston Basin is characterized by low-porosity and permeability reservoirs, organic-rich source rocks, and regional hydrocarbon charge.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 16 April 2013, 12:00 a.m.–12:00 a.m.

The goal of this e-symposium is to provide an overview of the latest trends and technologies for water management for oil and gas drilling, completions, and production.

American Association of Petroleum Geologists (AAPG)
DL Abstract

President Biden has laid out a bold and ambitious goal of achieving net-zero carbon emissions in the United States by 2050.  The pathway to that target includes cutting total greenhouse gas emissions in half by 2030 and eliminating them entirely from the nation’s electricity sector by 2035. The Office of Fossil Energy and Carbon Management will play an important role in the transition to net-zero carbon emissions by reducing the environmental impacts of fossil energy production and use – and helping decarbonize other hard-to abate sectors.

Show more

Request a visit from Jennifer Wilcox!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Local sea-level changes are not simply a function of global ocean volumes but also the interactions between the solid Earth, the Earth’s gravitational field and the loading and unloading of ice sheets. Contrasting behaviors between Antarctica and Scotland highlight how important the geologic structure beneath the former ice sheets is in determining the interactions between ice sheets and relative sea levels.

Request a visit from Alex Simms!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Around 170 million years ago, the Gulf of Mexico basin flooded catastrophically, and the pre-existing landscape, which had been a very rugged, arid, semi-desert world, was drowned beneath an inland sea of salt water. The drowned landscape was then buried under kilometers of salt, perfectly preserving the older topography. Now, with high-quality 3D seismic data, the salt appears as a transparent layer, and the details of the drowned world can be seen in exquisite detail, providing a unique snapshot of the world on the eve of the flooding event. We can map out hills and valleys, and a system of river gullies and a large, meandering river system. These rivers in turn fed into a deep central lake, whose surface was about 750m below global sea level. This new knowledge also reveals how the Louann Salt was deposited. In contrast to published models, the salt was deposited in a deep water, hypersaline sea. We can estimate the rate of deposition, and it was very fast; we believe that the entire thickness of several kilometers of salt was laid down in a few tens of thousands of years, making it possibly the fastest sustained deposition seen so far in the geological record.

Show more

Request a visit from Frank Peel!

American Association of Petroleum Geologists (AAPG)
VG Abstract

In comparison with the known boundary conditions that promote salt deformation and flow in sedimentary basins, the processes involved with the mobilization of clay-rich detrital sediments are far less well established. This talk will use seismic examples in different tectonic settings to document the variety of shale geometries that can be formed under brittle and ductile deformations.

Request a visit from Juan I. Soto!

American Association of Petroleum Geologists (AAPG)
DL Abstract

While there are many habitats that are associated with the deposition of organic-rich marine and lacustrine source rocks, one important pathway is linked to the onset of increased basin subsidence associated with major tectonic events. A key aspect is that this subsidence is spatially variable, with the uplift of basin flanks contemporaneous with the foundering of the basin center, resulting in a steeper basin profile.

Request a visit from Kurt W. Rudolph!

American Association of Petroleum Geologists (AAPG)
VG Abstract

The carbonate sequences that were deposited in the now exhumed Tethyan Ocean influence many aspects of our lives today, either by supplying the energy that warms our homes and the fuel that powers our cars or providing the stunning landscapes for both winter and summer vacations. They also represent some of the most intensely studied rock formations in the world and have provided geoscientists with a fascinating insight into the turbulent nature of 250 Million years of Earth’s history. By combining studies from the full range of geoscience disciplines this presentation will trace the development of these carbonate sequences from their initial formation on the margins of large ancient continental masses to their present day locations in and around the Greater Mediterranean and Near East region. The first order control on growth patterns and carbonate platform development by the regional plate-tectonic setting, underlying basin architecture and fluctuations in sea level will be illustrated. The organisms that contribute to sequence development will be revealed to be treasure troves of forensic information. Finally, these rock sequences will be shown to contain all the ingredients necessary to form and retain hydrocarbons and the manner in which major post-depositional tectonic events led to the formation of some of the largest hydrocarbon accumulations in the world will be demonstrated.

Show more

Request a visit from Keith Gerdes!

American Association of Petroleum Geologists (AAPG)
DL Abstract

As oil and gas exploration and production occur in deeper basins and more complex geologic settings, accurate characterization and modeling of reservoirs to improve estimated ultimate recovery (EUR) prediction, optimize well placement and maximize recovery become paramount. Existing technologies for reservoir characterization and modeling have proven inadequate for delivering detailed 3D predictions of reservoir architecture, connectivity and rock quality at scales that impact subsurface flow patterns and reservoir performance. Because of the gap between the geophysical and geologic data available (seismic, well logs, cores) and the data needed to model rock heterogeneities at the reservoir scale, constraints from external analog systems are needed. Existing stratigraphic concepts and deposition models are mostly empirical and seldom provide quantitative constraints on fine-scale reservoir heterogeneity. Current reservoir modeling tools are challenged to accurately replicate complex, nonstationary, rock heterogeneity patterns that control connectivity, such as shale layers that serve as flow baffles and barriers.

Show more

Request a visit from Tao Sun!

American Association of Petroleum Geologists (AAPG)
DL Abstract

For well over a century there have been conflicting indications of the strength of the crust and of faults and what controls them.  Much of our ignorance comes quite naturally from the general inaccessibility of the crust to measurement--in contrast with our understanding of the atmosphere, which is much more accessible to observation as well as more rapidly changing.  Crustal strength is best understood in deforming sedimentary basins where the petroleum industry has made great contributions, particularly in deforming petroleum basins because of the practical need to predict. In this talk we take a broad look at key issues in crustal strength and deformation and what we can learn from boreholes, earthquakes, active fault systems, and toy models.

Show more

Request a visit from John Suppe!

American Association of Petroleum Geologists (AAPG)
VG Abstract

Production from unconventional petroleum reservoirs includes petroleum from shale, coal, tight-sand and oil-sand. These reservoirs contain enormous quantities of oil and natural gas but pose a technology challenge to both geoscientists and engineers to produce economically on a commercial scale. These reservoirs store large volumes and are widely distributed at different stratigraphic levels and basin types, offering long-term potential for energy supply. Most of these reservoirs are low permeability and porosity that need enhancement with hydraulic fracture stimulation to maximize fluid drainage. Production from these reservoirs is increasing with continued advancement in geological characterization techniques and technology for well drilling, logging, and completion with drainage enhancement. Currently, Australia, Argentina, Canada, Egypt, USA, and Venezuela are producing natural gas from low permeability reservoirs: tight-sand, shale, and coal (CBM). Canada, Russia, USA, and Venezuela are producing heavy oil from oilsand. USA is leading the development of techniques for exploring, and technology for exploiting unconventional gas resources, which can help to develop potential gas-bearing shales of Thailand. The main focus is on source-reservoir-seal shale petroleum plays. In these tight rocks petroleum resides in the micro-pores as well as adsorbed on and in the organics. Shale has very low matrix permeability (nano-darcies) and has highly layered formations with differences in vertical and horizontal properties, vertically non-homogeneous and horizontally anisotropic with complicate natural fractures. Understanding the rocks is critical in selecting fluid drainage enhancement mechanisms; rock properties such as where shale is clay or silica rich, clay types and maturation , kerogen type and maturation, permeability, porosity, and saturation. Most of these plays require horizontal development with large numbers of wells that require an understanding of formation structure, setting and reservoir character and its lateral extension. The quality of shale-gas resources depend on thickness of net pay (>100 m), adequate porosity (>2%), high reservoir pressure (ideally overpressure), high thermal maturity (>1.5% Ro), high organic richness (>2% TOC), low in clay (<50%), high in brittle minerals (quartz, carbonates, feldspars), and favourable in-situ stress. During the past decade, unconventional shale and tight-sand gas plays have become an important supply of natural gas in the US, and now in shale oil as well. As a consequence, interest to assess and explore these plays is rapidly spreading worldwide. The high production potential of shale petroleum resources has contributed to a comparably favourable outlook for increased future petroleum supplies globally. Application of 2D and 3D seismic for defining reservoirs and micro seismic for monitoring fracturing, measuring rock properties downhole (borehole imaging) and in laboratory (mineralogy, porosity, permeability), horizontal drilling (downhole GPS), and hydraulic fracture stimulation (cross-linked gel, slick-water, nitrogen or nitrogen foam) is key in improving production from these huge resources with low productivity factors.

Show more

Request a visit from Ameed Ghori!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Three-dimensional (3D) seismic-reflection surveys provide one of the most important data types for understanding subsurface depositional systems. Quantitative analysis is commonly restricted to geophysical interpretation of elastic properties of rocks in the subsurface. Wide availability of 3D seismic-reflection data and integration provide opportunities for quantitative analysis of subsurface stratigraphic sequences. Here, we integrate traditional seismic-stratigraphic interpretation with quantitative geomorphologic analysis and numerical modeling to explore new insights into submarine-channel evolution.

Show more

Request a visit from Jacob Covault!

American Association of Petroleum Geologists (AAPG)

Related Interests

See Also ...